Colorado Department of Revenue releases Average Market Rates for adult-use marijuana effective April 1, 2019
DENVER, Colo. Thursday, March 21, 2019 -- Colorado Department of Revenue (DOR) today released the Average Market Rates (AMR) for retail (adult-use) marijuana effective April 1, 2019.
The average price per pound of bud and trim again rose moderately from the previous quarterly update, specifically to $806 per pound for bud (from $781) and $425 per pound for trim (from $396). This is the second consecutive quarter where bud and trim rates increased. The bud allocated for extraction rate also increased to $227 (from $200), while the immature plant rate, wet whole plant rate and seed rate remained the same. The trim allocated for extraction rate is the only rate to see a decrease this quarter, going down to $177 (from $200).
The April 1 AMR was calculated based on retail marijuana transactions recorded from November 1, 2018 through January 31, 2019 in DOR’s Marijuana Enforcement Division (MED)’s marijuana inventory tracking system. AMRs are estimates of the typical prices of each category of unprocessed retail marijuana that is sold or transferred from marijuana grows to product manufacturers or stores.
Visit the Taxation Division’s website for more information, including the methodology of the AMR calculations and current and prior AMRs: https://www.colorado.gov/pacific/tax/marijuana-tax.